Vietnam Airlines continues to dominate international market

Vietnam Airlines Group forecasts that its international share of traffic into Vietnam will slide a little by 2020, but it intends to maintain it above 30%, airline executives said. The group, which includes Vietnam Airlines and subsidiary Jetstar Pacific, holds a share of 35% of the international market. This makes it the largest player, despite the presence of more than 50 foreign carriers flying into Vietnam. In the domestic market, the Vietnam Airlines Group holds a 59% share. The parent carrier accounts for a 44% share if Jetstar Pacific and regional subsidiary VASCO are excluded. The Vietnamese market has seen a major influx of LCCs in recent years, which has had a particularly significant effect in the domestic arena. Domestic passengers carried by all airlines increased by 20%-30% per year between 2014 and 2016, although growth slowed to 11%-13% in 2017. International passenger numbers in Vietnam were up 12% in 2017. LCCs now comprise almost 35% of Vietnam’s international market, according to estimates from Vietnam Airlines.<br/>